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Regulation of energy markets : economic mechanisms and policy evaluation / Machiel Mulder.

Mulder, Machiel, author.
2021
HD9502.A2 M85 2021
Available Online
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Title
Regulation of energy markets : economic mechanisms and policy evaluation / Machiel Mulder.
Author
Mulder, Machiel, author.
ISBN
9783030583194 (electronic bk.)
3030583198 (electronic bk.)
9783030583187
303058318X
DOI
https://doi.org/10.1007/978-3-030-58319-4
Published
Cham, Switzerland : Springer, [2021]
Language
English
Description
1 online resource (xxvi, 361 pages) : illustrations (some color).
Item Number
10.1007/978-3-030-58319-4 doi
Call Number
HD9502.A2 M85 2021
Dewey Decimal Classification
333.79
Summary
This textbook explains the main economic mechanisms behind energy markets and assesses how governments can implement policies to improve how these markets function. Adopting a micro-economic perspective, the book systematically analyses the various types of market failures on the electricity and gas markets as well as coal, oil, hydrogen and heat markets to identify government policies that can improve welfare. These shortcomings include the natural monopoly and the public-good character of energy infrastructures; market power resulting from inflexibility of supply and demand; international trade restrictions; negative externalities concerning the use of fossil energy; positive externalities concerning innovative new energy technologies; information asymmetries with regard to the product characteristics of energy commodities; and other public concerns, such as energy poverty. In turn, readers will learn about various measures that governments can use to address these market failures, including incentive regulation for electricity grids; international integration of wholesale energy markets; environmental regulatory measures like emissions trading schemes; subsidy schemes for new technologies; green-energy certificate schemes; and energy taxes. Given its scope, the book will appeal to upper-undergraduate and graduate students from various disciplines who want to learn more about the economics and regulation of energy systems and markets.
Bibliography, etc. Note
Includes bibliographical references and index.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from digital title page (viewed on December 23, 2020).
Series
Lecture notes in energy ; 80.
Available in Other Form
Print version: 9783030583187
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Record Appears in
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All Resources
Economic Analysis of Energy Markets: An Introduction
Energy Carriers and Supply Chains
Energy Markets and Energy Policies
Microeconomic Perspective on Regulating Energy Markets
Information Asymmetry in Retail Energy Markets
Natural Monopoly in Transport and Distribution
Reliability of Energy Supply as Semi-Public Good
Externalities in Production and Consumption in Energy Markets
Market Power in Wholesale and Retail Energy Markets
International Restrictions on Trade in Energy
Distributional Effects and Equity Concerns in Energy Markets
Regulating Energy Markets: Concluding Remarks.

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